Fluid Management Systems Market Growing at a CAGR of 5.8% During 2016 to 2021
13 Dec, 2016, 17:00 GMT
PUNE, India, December 13, 2016 /PRNewswire/ --
The growth of the fluid management systems market to 2021 can be attributed to the increase in number of minimally invasive surgeries and technological advancements in fluid management systems while North America accounted for the largest share of the global market at a CAGR of 5.8% to hit USD 12.47 billion by 2021
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The fluid management systems and accessories market is expected to grow at a CAGR of 5.8% from 2016 to 2021, to reach USD 12.47 billion by 2021 from USD 9.39 billion in 2016. Market growth can be attributed to the increase in number of minimally invasive surgeries, technological advancements in fluid management systems, and increase in government funds and grants worldwide for endosurgical procedures are driving the fluid management systems and accessories market.
The fluid management systems segment accounted the largest share of the fluid management systems and accessories market in 2015; this segment will continue to dominate the market in 2021. The large share of this segment is mainly attributed to rising number of minimally invasive surgeries and high adoption of these systems in hospitals. Within the fluid management systems market, the standalone fluid management systems segment accounted the largest share of the fluid management systems market in 2015.
Some of the major players offering fluid management systems and accessories include AngioDynamics, Inc. (U.S.), Karl Storz Gmbh & Co. Kg (Germany), Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (U.S.), Stryker Corporation (U.S.), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Ecolab Inc. (U.S.), Cardinal Health, Inc. (U.S.), Smiths Medical (U.K.), KARL STORZ GmbH & Co. KG (Germany), Zimmer Biomet Holdings Inc. (U.S.), C. R. Bard Inc. (U.S.), Medline Industries, Inc. (U.S.), Medtronic plc (Ireland), and Romsons International (India). Order a copy of Fluid Management Systems Market by Product (Dialyzers, Insufflators, Fluid Warming systems, Pressure Transducers, Suction Canister), Disposables and Accessories, & Application (Urology, Laparoscopy, Gastroenterology, Gynecology) - Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=783295 .
Geographically, North America accounted for the largest share of the fluid management systems and accessories market in 2015, followed by Europe, Asia-Pacific, and the Rest of the World. The large share of this region can be attributed to the growth in aging and chronically ill population, increasing number of minimally invasive surgeries, growth in the number of dialysis centers, rising usage of single-use disposable accessories, and advancements in technologies.
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